Heiner Flassbeck and Erik Münster
In a recent speech, ECB Executive Board member Isabel Schnabel compared the mandates of the European and American central banks and came to the surprising conclusion that the ECB’s singular mandate (namely, to have price stability as its sole objective) is on a par with the Fed’s dual mandate (to pursue employment and price stability as equally important objectives). …
Heiner Flassbeck and Patrick Kaczmarczyk
Things have gone quiet around Argentina. The mainstream European press, which euphorically celebrated the president with chainsaws during his election, has largely remained silent two years after that election. Isolated reports of success, such as those published by the Friedrich Naumann Foundation for Freedom in December 2025, …
Heiner Flassbeck and Erik Münster
People often ask whether Germany’s competitive position has deteriorated in recent years compared to other members of the eurozone, given that nominal wages have risen significantly in this country. Looking at developments from around 2020 onwards, …
If you are wondering why we are having an idiotic debate about economic policy, read the document linked here from Surplus magazine, which was taken over by a news agency. In it, Germany’s largest trade unions complain about the attacks on the welfare state that are carried out almost daily by the governing parties. …
